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Dec 11, 2012
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what we notice on both sides of the fiscal cliff is that there is widespread belief among small-business owners that because a lot of their earnings as ordinary income as opposed to capital gains, they are disadvantaged. a lot of small business owners are skeptical of larger companies and want to make sure their interests are represented in any deal that gets struck. host: president obama in michigan said i will compromise a little bit, but when it comes to rising -- raising taxes on high-income earners, i will not. how do your members look at that? guest: we go back to simpson-bowles. it assumed that the tax cuts on the top 2% would expire. it would substantially eliminate deductions. they would get rid of the charitable tax deduction. those are all very painful steps, politically difficult, but they could have a significant impact on the debt. the president's approach -- let's take a step back. what we have tried to do is offer business leaders two things -- and the first is an apples-to-apples comparison. we the president put the february budget, and chairman paul ryan's march but --
what we notice on both sides of the fiscal cliff is that there is widespread belief among small-business owners that because a lot of their earnings as ordinary income as opposed to capital gains, they are disadvantaged. a lot of small business owners are skeptical of larger companies and want to make sure their interests are represented in any deal that gets struck. host: president obama in michigan said i will compromise a little bit, but when it comes to rising -- raising taxes on...
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Dec 20, 2012
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let's avert a fiscal cliff and let's get onto the business of preventing the fiscal abyss which is the coming debt crisis that will not be resolved until we have real leadership and that unfortunately, is sorely lacking. i urge passage of this. let's prevent tax increases and down payment on spending and pass this bill. the speaker pro tempore: the previous question is ordered on the bill. the question is on engrossment and third reading of the bill. those in favor say aye. those opposed, no. in the opinion of the chair, the eyes have it, third reading. the clerk: a bill to provide for spending reductions. the speaker pro tempore: is the gentleman opposed to the bill? mr. van hollen: i am opposed. the clerk: mr. van hollen of maryland moves to recommit the bill to the committee on ways and means with instructions to report the same back to the house with the following amendment. at the end of the bill add the following, title 8. disclosure of costs and provider cuts under medicare, medicaid. section 801, disclosure of higher beneficiary costs and provider cusses under medicaid medicare
let's avert a fiscal cliff and let's get onto the business of preventing the fiscal abyss which is the coming debt crisis that will not be resolved until we have real leadership and that unfortunately, is sorely lacking. i urge passage of this. let's prevent tax increases and down payment on spending and pass this bill. the speaker pro tempore: the previous question is ordered on the bill. the question is on engrossment and third reading of the bill. those in favor say aye. those opposed, no....
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Dec 11, 2012
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the fiscal cliff, intellectual property protection. and the business leaders are speaking for themselves. generally speaking, business leaders are centrist, the data driven, results oriented, and they are looking for compromise in washington. is it a pro-obama group, protest republican group? it is really its own group and the to the people speak for themselves. host: who are some of the names people might recognize, the ceo's of which companies? guest: the efforts the white house has made this year is much larger and much more effective than it was last year. they are bringing in more people with business ford but with a lot of other organizations as well. the president spoke with financial services leaders and has brought in two groups of big-name ceos. -- the president has spoken with business forward. six out of 10 per ceo's of small companies. -- tend to be ceo's of small companies. smaller investors, smaller business owners. the 10 to go after people from flint, michigan, not so, in tennessee. by a large we're talking to smaller
the fiscal cliff, intellectual property protection. and the business leaders are speaking for themselves. generally speaking, business leaders are centrist, the data driven, results oriented, and they are looking for compromise in washington. is it a pro-obama group, protest republican group? it is really its own group and the to the people speak for themselves. host: who are some of the names people might recognize, the ceo's of which companies? guest: the efforts the white house has made this...
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Nov 27, 2012
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cliff raises taxes on a million small businesses who employ 25% of the work force and an accounting firm has done a study has said if the president's proposal went into effect which is to raise taxes on the small businesses out there that it would cost us over 700,000 jobs and reduce take-home pay by 2% and reduce economic growth by 1.3%. what the president is proposing to do would hurt jobs and the economy, which is again, i ironic in that the president's only solution to solve our fiscal cliff issue is to raise taxes. in 2010, we had the same debate. the president said you shouldn't raise taxes in the middle of a weak economy. at the time economic growth was 2.4 through the first three-quarters. this year, 2012, that same number is 1.8%. the economy is weaker and slower today than it was in 2010 when the president said you shouldn't raise taxes in the middle of a weak economy. we believe that the president has to lead on this issue. it can't be about raising taxes on people who create jobs in this economy if it is about jobs and the economy. and we all know what drives federal spe
cliff raises taxes on a million small businesses who employ 25% of the work force and an accounting firm has done a study has said if the president's proposal went into effect which is to raise taxes on the small businesses out there that it would cost us over 700,000 jobs and reduce take-home pay by 2% and reduce economic growth by 1.3%. what the president is proposing to do would hurt jobs and the economy, which is again, i ironic in that the president's only solution to solve our fiscal...
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Nov 29, 2012
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going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> [indiscernible] you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable t
going over the fiscal cliff fiss serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >>...
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Nov 27, 2012
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, and would go a long way, or significant way toward dealing with the so-called fiscal cliff. also tomorrow, the president has another meeting with business leaders following the one he had prior to the thanksgiving holiday. so -- friday, as i think you know, he'll be traveling to montgomery county pennsylvania to visit a business to talk about the need to extend these middle class tax cuts because businesses around the country depend on america's middle class to whier -- to buy their products. as i think was effectively outlined yesterday and you read about in the report he co-produced, the impact of raising taxes on the middle class would be significant to our economy. without w that, i'll take your questions. [inaudible] >> does everyone know he's leaving? very sad. >> thanks, jay. two questions on fiscal cliff, a senator said talking about medicare and medicaid both of those conversations should not be part of the plan to avert the fiscal cliff. doesn't that complicate the president's position, he has talked about balance, talked about the willingness to put entitlements o
, and would go a long way, or significant way toward dealing with the so-called fiscal cliff. also tomorrow, the president has another meeting with business leaders following the one he had prior to the thanksgiving holiday. so -- friday, as i think you know, he'll be traveling to montgomery county pennsylvania to visit a business to talk about the need to extend these middle class tax cuts because businesses around the country depend on america's middle class to whier -- to buy their products....
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Dec 5, 2012
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i also appreciate the gentleman's focus on the fiscal cliff and indicating that we need to resolve that prior to leaving the 112th congress. i think those are both positive announcements. i applaud him for that. on the fiscal cliff, we discussed this all the time but i want to inform the majority leader, there are now 175 signatures, we hope to have more, and would obviously welcome people on your side of the aisle, on the discharge petition for the walz bill which mirrors the senate bill as the majority leader i'm sure knows, to assure that no individual who makes $200,000 or less in net taxable income or a family of $250,000 or less will have -- see a tax increase on january 1. hopefully we will resolve the fiscal cliff, get an agreement. but i again ask my friend, the walz bill will be compliant with the rules. it will not have a blue slip problem, obviously. and hopefully we could move that bill. again, for the purposes of giving confidence to the 98% of our taxpayers who are making less than the sums put forward in the bill, $200,000, $250,000. i understand and anticipate the gentl
i also appreciate the gentleman's focus on the fiscal cliff and indicating that we need to resolve that prior to leaving the 112th congress. i think those are both positive announcements. i applaud him for that. on the fiscal cliff, we discussed this all the time but i want to inform the majority leader, there are now 175 signatures, we hope to have more, and would obviously welcome people on your side of the aisle, on the discharge petition for the walz bill which mirrors the senate bill as...
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Dec 7, 2012
12/12
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host: we have been focusing on different parts of the fiscal cliff discussion. today we're looking at tax extenders for businesses and individuals. joining us is sam goldfarb, a tax writer for cq roll call. what our tax extenders? guest: they are temporary tax breaks. some people are concerned the entire tax code is turning into a big tax extender. they are considered to be a small provision and targeted at specific types of businesses. host: why are they temporary? guest: a lot of people say they should be made permanent or they should be eliminated altogether. it is easier to pass when they are temporary. they keep on being extended and extended. host: we will look at some of these. these are some of the tax extenders and the cost of continuing the tax breaks through 2013. host: some of those are really specific. guest: that is the idea. they have become a case study in what some people think is wrong with the tax code. if there are loopholes that can be claimed to love god and their -- have gotten there because of a lobbyist lobbied hard to get there, it is t
host: we have been focusing on different parts of the fiscal cliff discussion. today we're looking at tax extenders for businesses and individuals. joining us is sam goldfarb, a tax writer for cq roll call. what our tax extenders? guest: they are temporary tax breaks. some people are concerned the entire tax code is turning into a big tax extender. they are considered to be a small provision and targeted at specific types of businesses. host: why are they temporary? guest: a lot of people say...
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Nov 15, 2012
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yoder: working together in a bipartisan way, we can avoid the fiscal cliff, provide certainty to these small businesses, remove barriers of success and help rebuild the prosperity of the american people. last week our constituents spoke and the mandate they gave us was a mandate to work together. we must listen to them and arrive at bipartisan solutions to the very serious issues facing our country. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from tennessee seek recognition? mr. cohen: to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. cohen: thank you, mr. speaker. we are indeed back here in a lame-duck session with the most important issue facing us is a deadline on taxes and revenue. by previous action we have to act or certain conditions will be created that will cause us to lose jobs and hurt our economy and raise taxes on everybody. the president, the senate, the democrats in the house are all in agreement that 98% of the country needs tax
yoder: working together in a bipartisan way, we can avoid the fiscal cliff, provide certainty to these small businesses, remove barriers of success and help rebuild the prosperity of the american people. last week our constituents spoke and the mandate they gave us was a mandate to work together. we must listen to them and arrive at bipartisan solutions to the very serious issues facing our country. i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does...
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Dec 4, 2012
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once we resolve the cliff, we need long-term fiscal reduction so that businesses can climb to the future. to get families and businesses certainty, we must agree in the next few weeks on specific spending cuts and specific revenue increases that reduce the deficit to avoid the fiscal cliff. we should not put off the hard decisions with gimmicks or with triggers. that is what got us here in the first place. it is time to bite the bullet and make the tough decisions and make them now. the first thing we should do is immediately and permanently extend the middle-class tax cuts. this will provide needed certainty to america's families and businesses and markets. this decisive action will ensure millions of american families do not see a tax hike of more than $2,000 starting next month. any agreement must also include a long-term extension of the debt ceiling. america cannot afford another debilitating fiscal showdown. has to be a package deal. then we need to enact a long term and, granted the solution. the most serious plan to recommend $4 trillion in deficit reductions over 10 years to res
once we resolve the cliff, we need long-term fiscal reduction so that businesses can climb to the future. to get families and businesses certainty, we must agree in the next few weeks on specific spending cuts and specific revenue increases that reduce the deficit to avoid the fiscal cliff. we should not put off the hard decisions with gimmicks or with triggers. that is what got us here in the first place. it is time to bite the bullet and make the tough decisions and make them now. the first...
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Dec 11, 2012
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the best thing we can do for business confidence is produce a compromise that averts the fiscal cliff and achieves a broad-based, balanced deficit reduction package that helps our economy grow and helps it continue to create jobs. the ups and downs that always take place in negotiations like these i think are probably not all that conducive to creating certainty because as you've seen from the variety of rumors that come out, one hour it's the talks are over, there's no progress. the next hour is there's progress and a lot of tea leaf reading. i don't think having me party in that kind of speculation probably doesn't help the process. and like i said, i really understand there's great interest in this. not just in this room but around the country. and we all here appreciate that and this is important. and it's because it's important that we believe it's most helpful to the process, to try to let those who are working on these challenges and trying to reach a compromise work with as much -- with the ability to focus on that work rather than the kind of conversation on the outside as mu
the best thing we can do for business confidence is produce a compromise that averts the fiscal cliff and achieves a broad-based, balanced deficit reduction package that helps our economy grow and helps it continue to create jobs. the ups and downs that always take place in negotiations like these i think are probably not all that conducive to creating certainty because as you've seen from the variety of rumors that come out, one hour it's the talks are over, there's no progress. the next hour...
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Dec 28, 2012
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i'm happy to be here today to talk to you about the fiscal cliff and how it might affect my business. i am mostly optimistic about our economy in the future, i have grave concerns about what is going on in congress and the potential fiscal cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the elimination of the tax cuts for the wealthy. as taxes increase, the taxes at my business will be effected and i will have less to pay for investments and new equipment, hiring new people, but personally my income tax rates will go up. it's already a financially constrained environment. but customers tax rates will go up creating less demand for my products and less revenue for me and less tax revenue for the government. i want to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and
i'm happy to be here today to talk to you about the fiscal cliff and how it might affect my business. i am mostly optimistic about our economy in the future, i have grave concerns about what is going on in congress and the potential fiscal cliff we are facing and the elimination of the tax cuts. a lot of the small business owners i talked to and know are in favor of keeping the tax cuts in place especially for the middle class. we believe in balanced approach and we think it's ok to allow the...
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Nov 28, 2012
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can solve the fiscal cliff while at the same time grow this economy. this goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to growing the economy. >> we are 34 days away from what would be the largest tax increase in american history, and speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening. and not devastate our economy at a time when our economy continues to struggle and people are having a tough time finding work, we need to take action that will ensure that small business owners all across this country continue to be able to survive. many have said that the president's approach in raising taxes will actually devastate the economy. ernst & young estimated 700,000 jobs lost. a plan that would cut nearly a million jobs is a nonstarter so we're working to find a better way. it's a commonsense way. we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending without jeopardizing our core
can solve the fiscal cliff while at the same time grow this economy. this goal of this republican majority is to solve the fiscal cliff once and for all and put us on a path to growing the economy. >> we are 34 days away from what would be the largest tax increase in american history, and speaker boehner and the republicans have put forward a balanced plan that would prevent that from happening. and not devastate our economy at a time when our economy continues to struggle and people are...
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Nov 8, 2012
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princeton young says going over part of the fiscal " read a cliff -- fiscal cliff would cost more than 70,000 jobs. it also confirmed many of those hit with a rate increase will be small business owners, the very people who both parties acknowledge are that he to private sector job creation. there is an alternative. it involves making real changes to the financial changes and reforming our tax code to curb special interest loopholes and deductions. by working together in creating a cleaner tax code, we can get our country is stronger, healthier economy. that means more revenue, which is what the president wants. because the american people expect us to find common ground, we are willing to except additional revenue by way of tax reform. there is a model that supports economic growth. in 1986, with a democrat house, and a republican president named ronald reagan. in 1986, there were skeptics who doubted the economic benefits of tax reform. those skeptics were wrong. a stanford economist said the 1986 reform is the sort of an unsung hero of the good economic times we have had for a long
princeton young says going over part of the fiscal " read a cliff -- fiscal cliff would cost more than 70,000 jobs. it also confirmed many of those hit with a rate increase will be small business owners, the very people who both parties acknowledge are that he to private sector job creation. there is an alternative. it involves making real changes to the financial changes and reforming our tax code to curb special interest loopholes and deductions. by working together in creating a cleaner...
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Dec 17, 2012
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. >> quickly on fiscal cliff -- the president said at the business roundtable recently that a republican needs but because a conceptual breakthrough on rates coming up. does he feel he has that now that speaker boehner is talking about rates? >> i won't comment on specifics reported proposals or counterproposals, on internal conversations between the president and speaker or the president's team and the speaker's theme or with other members of leadership. the president's insistence that rates need to go up on the top 2% was based on an economic reality, which is that in order to achieve a broad deficit reduction package that puts our economy on a sustainable fiscal path in the future a certain level of revenue gleaned from the wealthy has to be met. and the only way to do this was through, in part, rates rising. that remains his position. so, we have seen since the election, a change in tone, and in some cases, a change in position from the republicans, including elected republicans, on the issue of first revenue and then acknowledging that rates have to go up. but thus far the president
. >> quickly on fiscal cliff -- the president said at the business roundtable recently that a republican needs but because a conceptual breakthrough on rates coming up. does he feel he has that now that speaker boehner is talking about rates? >> i won't comment on specifics reported proposals or counterproposals, on internal conversations between the president and speaker or the president's team and the speaker's theme or with other members of leadership. the president's insistence...
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Nov 30, 2012
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first and foremost is the resolution to the so-called fiscal cliff. we are also waiting action from the senate on items like the annual defense and intelligence authorization bills and extension of fisa, and others. negotiations on these and many other issues will continue regardless of the daily legislative business of the house, and members are advised that we will not adjourn the 112th congress until a credible solution has been found that meets these challenges. finally, mr. speaker, the 2013 house calendar is now publicly available at majority leader. gov. the house will convene the 113th congress at noon on january 3 and we will be in session for a total of 126 days. i thank the gentleman and yield back. mr. hoyer: i thank the gentleman for his comments. i appreciate his observation with reference to a number of pieces of legislation that are pending. and as he mentions in his comments, the fiscal cliff, of course, is of concern not only to us but the entire country. the negotiations as the majority leader points out are ongoing and hopefully wi
first and foremost is the resolution to the so-called fiscal cliff. we are also waiting action from the senate on items like the annual defense and intelligence authorization bills and extension of fisa, and others. negotiations on these and many other issues will continue regardless of the daily legislative business of the house, and members are advised that we will not adjourn the 112th congress until a credible solution has been found that meets these challenges. finally, mr. speaker, the...
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Nov 14, 2012
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it will be good for businesses. it takes the edge off the fiscal cliff. and let's also then commit ourselves to the broader package of deficit reduction that includes entitlement changes and includes potentially tax reform as well as, i'm willing to look at additional work we can do on the discretionary spending side. i want a big deal, i want a comprehensive deal, i want to see if we can, you know, at least for the foreseeable future proside -- provide serbity to piss and the american people so we can focus on job growth so that we're also investing in the things that we need. but right now, what i want to make sure of is that taxes on middle class families don't go up and there's an easy way to do that. we could get that done by next week. >> thank you, mr. president. on immigration reform, the criticism in the past has been that you did not put forth legislation with specific ideas and send it up to the hill. this time around you have said again that this will be one of the top priorities for a second term. will you then send legislation to the hill? a
it will be good for businesses. it takes the edge off the fiscal cliff. and let's also then commit ourselves to the broader package of deficit reduction that includes entitlement changes and includes potentially tax reform as well as, i'm willing to look at additional work we can do on the discretionary spending side. i want a big deal, i want a comprehensive deal, i want to see if we can, you know, at least for the foreseeable future proside -- provide serbity to piss and the american people...
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Nov 15, 2012
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the president yesterday met with business leaders to discuss and of the year issues, the fiscal cliff, also areas of concern to business. the day before he met with labor leaders, other leaders, and the president's approach has been clear all along. he is looking for a balanced solution, a solution that is balanced in terms of raising additional revenue, raised from the most fortunate top 2%, income earners in the u.s.. also reduces spending, so i did the president's position has been clear. these are solvable problems. we have them within our capacity to solve them. it is a matter of political will. >> let's talk about the process. how much revenue as the president want to pick up, use 10-year-number, and what would he like have as a solution that you can get in a lame-duck session? how much revenue is he trying to pick up? >> what i would point people to is the president's budget. it has in it about $1.50 trillion additional revenue over the 10 year budget window, and also step back and say what is the goal of the president's budget? the goal of the budget is to put the u.s. on a su
the president yesterday met with business leaders to discuss and of the year issues, the fiscal cliff, also areas of concern to business. the day before he met with labor leaders, other leaders, and the president's approach has been clear all along. he is looking for a balanced solution, a solution that is balanced in terms of raising additional revenue, raised from the most fortunate top 2%, income earners in the u.s.. also reduces spending, so i did the president's position has been clear....
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Dec 5, 2012
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fiscal cliff. look, each and every day, as we walk the halls, you continue to ask questions. you want the answers solving the fiscal cliff. we put an answer on the table. the president now has to engage. i think the next 72 hours are critical. if he sits back and continues to play politics, that will give you an answer of where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> at these fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. and under this administration, under president obama, we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes in order to pay for more spending. this will only hurt our economy, ernston young has done an analysis of the president's proposal. and said that it would cost 700,000 jobs, at a time when our economy continues to struggle. there's a better w
fiscal cliff. look, each and every day, as we walk the halls, you continue to ask questions. you want the answers solving the fiscal cliff. we put an answer on the table. the president now has to engage. i think the next 72 hours are critical. if he sits back and continues to play politics, that will give you an answer of where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> at these fiscal cliff negotiations and debate...
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Dec 6, 2012
12/12
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this morning part of our week-long and couple of weeks' long conversation on the fiscal cliff, a focus this morning on the expiring tax provisions. host: today we're looking at the issue of tax extenders or tax incentives for business and individuals. and joining us in this discussion is sam goldfarb, who is a tax writer for c.q. roll call. what are tax extenders? >> well, they're temporary tax breaks. that's basically i think the most basic definition and some people are kind of concerned that the entire tax code is turning into one big tax extendser. so where do you really define it? but i think traditionally they're considered to be these pretty small provisions, narrowly targeted at specific types of businesses. some of them do apply to individuals as well. >> so why are they temporary? >> that's a good question. i think a lot of people, including people in congress, say either they should be made permanent or they should be eliminated altogether. but they're temporary because it's easier to pass that way. it looks like it costs less. usually they keep on being ex tended and extend
this morning part of our week-long and couple of weeks' long conversation on the fiscal cliff, a focus this morning on the expiring tax provisions. host: today we're looking at the issue of tax extenders or tax incentives for business and individuals. and joining us in this discussion is sam goldfarb, who is a tax writer for c.q. roll call. what are tax extenders? >> well, they're temporary tax breaks. that's basically i think the most basic definition and some people are kind of...
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Nov 9, 2012
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that will be one of the issues that come up in terms of the fiscal cliff. boehner's tone was good. when you look inside and say, we can rely on dynamic scoring, when you begin to dissect that, it has some problems. i am hopeful that with the business community's help, and with the president's leadership, we can bring the republicans around. i think in his heart, speaker boehner wants to get something done. >> [indiscernible] 3 numbers [indiscernible] do you have a strategy for trying to pass the middle class tax [indiscernible] cuts? are you trying to do that [indiscernible] to [indiscernible] >> the general thrust of your question. i think most of our colleagues say the senate needs to be fixed, that there is something wrong with it. there will be a lot of discussions about that over the next few weeks. i will not comment on specifics until we have those discussions. it needs to be done not just for one particular issue, but in general, to get the senate working better. >> [indiscernible] >> any agreement, because we have to pass things in the house and senate, has to be bipartisa
that will be one of the issues that come up in terms of the fiscal cliff. boehner's tone was good. when you look inside and say, we can rely on dynamic scoring, when you begin to dissect that, it has some problems. i am hopeful that with the business community's help, and with the president's leadership, we can bring the republicans around. i think in his heart, speaker boehner wants to get something done. >> [indiscernible] 3 numbers [indiscernible] do you have a strategy for trying to...
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Nov 21, 2012
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the unfinished business of the current congress, including how to avoid falling off a fiscal cliff, how to prevent sequestration from happening and the impact that would have, not just on the defense, but domestic discretionary budget as well, and for our purposes, hopefully there will also take the time to pass a defense authorization in order to be able to set some important policy guidance that we need as we go into this next year. the hope is that obviously these issues can be resolved before the congress adjourns. and obviously we are all hopeful that the leadership will be able to come together to find a way to resolve these issues. these are tough decisions. i have been there and know how tough they are, but they can do it, they can do it. it will take some risks, but that is part of the game, yet to take risks in order to do the right thing. -- you have to take risks in order to do the right thing. the worst thing in my perspective can down the road. all that will wind up doing is continue to provide a shadow over the defense department, and the rest of government, as to wha
the unfinished business of the current congress, including how to avoid falling off a fiscal cliff, how to prevent sequestration from happening and the impact that would have, not just on the defense, but domestic discretionary budget as well, and for our purposes, hopefully there will also take the time to pass a defense authorization in order to be able to set some important policy guidance that we need as we go into this next year. the hope is that obviously these issues can be resolved...
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Dec 7, 2012
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john boehner makes remarks on the fiscal cliff. we will show you that when the happens. by now, a little bit more about the fiscal cliff. >> we turn our attention this morning about unemployment benefits and how insurance could back -- how insurance could be impacted. thank you for coming in. we want to start the discussion. when we're talking about unemployment insurance, what specific programs are we talking about here? >> unemployment insurance is the combination of federal and state programs. it usually lasts up to six weeks. it can be extended up to 93 weeks, depending on which they were in. it is this extension that we're really talking about as part of the fiscal cliff. >> that is what might be cut. that is what automatically expires. we know it cost $30 billion to continue additional unemployment benefits. of the deal i want to make, the benefits should continue. firm stand. we have seen in the past obama host: what specific benefits do guest: usually some kind of a cash benefit or they may help the search for a job. it is usually about $300 a week. it can vary f
john boehner makes remarks on the fiscal cliff. we will show you that when the happens. by now, a little bit more about the fiscal cliff. >> we turn our attention this morning about unemployment benefits and how insurance could back -- how insurance could be impacted. thank you for coming in. we want to start the discussion. when we're talking about unemployment insurance, what specific programs are we talking about here? >> unemployment insurance is the combination of federal and...
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Dec 21, 2012
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from the fiscal cliff. >> i think we saw last night yet again the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to do something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on the other side of likewise to can do get serious to address the real problem of spending so that we can get on about the business of growing economy and getting people back to work. >> a lot of the arguments that you made [inaudible] [inaudible] the president and i had a series of conversations. i told president these were my bottom lines. the president told me his numbers, $1.30 trillion in new revenues, $850 billion in spending cuts, was his bottom line. he could not go any further. so we see a situation where, because of the political divide in the country, because of the divide here in washington, trying to bridge the differences has been diffic
from the fiscal cliff. >> i think we saw last night yet again the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to do something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on the other side of likewise to can do get serious...
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Dec 20, 2012
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the costs are too high to go over the fiscal cliff. the c.p.a. caucus met with the comptroller to know what it means for long-term reform. walker had six basic principles. first, pro-growth. truly pro-growth policies will empower our small businesses rather than strangle them with taxes and regulation at every turn. second, socially equitable. we are in this together and we can't expect one income bracket for bearing the problems. third, culturally acceptable. we need the backing of the american people to enact good solutions. four, mathematically possible. we cannot ignore to ignore the bottom line. i'm a c.p. a. we need to balance -- c.p.a. we need to balance our books. feasible. we need to have proposals both sides can agree on. and fourth, bipartisan support. we can agree to disagree on certain matters, but we must still work together. these six principles can be our bridge forward. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from new mexico seek recognition? >> to address the house fo
the costs are too high to go over the fiscal cliff. the c.p.a. caucus met with the comptroller to know what it means for long-term reform. walker had six basic principles. first, pro-growth. truly pro-growth policies will empower our small businesses rather than strangle them with taxes and regulation at every turn. second, socially equitable. we are in this together and we can't expect one income bracket for bearing the problems. third, culturally acceptable. we need the backing of the...
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Dec 4, 2012
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cliff? is it not a cliff? is it it -- is it a slope? is it the end of america as we know it or whatever? but in this debate there are few things that are absolutely critical. tax policy, the president has laid out very, very clearly as did the election. we are going to do tax reform. yes, and it's time for those at the upper end of this wealthy country to pay their fair share. and so the president has made it very clear, we are going to raise the rates on those making over $250,000 a year. by the way, we ought to be clear about understanding what that means. that means 100% of americans get a tax break. on the first $250,000 of income. over that, yes, they are going to pay a higher rate, marginal rate for that over the top. but what i really want to talk about today with my colleagues who will be joining me in the next few minutes is another part of this debate. and that is on the reductions in federal expenditures. what's the best way to do it? how are we going to reduce federal expenditure
cliff? is it not a cliff? is it it -- is it a slope? is it the end of america as we know it or whatever? but in this debate there are few things that are absolutely critical. tax policy, the president has laid out very, very clearly as did the election. we are going to do tax reform. yes, and it's time for those at the upper end of this wealthy country to pay their fair share. and so the president has made it very clear, we are going to raise the rates on those making over $250,000 a year. by...
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Dec 3, 2012
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tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the right blueprint. we are not in a position to be held hostage by anybody. it also focuses on find more and use less. what we can do in the federal government is i think invest in research and getting a 500-mile battery for electric cars and getting solar energy that is 1 kilowatt installed and finding a way to capture carbon from coal plants that can be turned into fuel that is commercially sold. we should look at the model of unconventional gas in terms of how our system and federal research and our system of private properties have produced a situation where we have a massiv
tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the...
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Dec 27, 2012
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this may be a busy weekend for the fiscal cliff. we have a twitter stream from viewers and reporterers. a resource area with documents. it is there when you need it at c-span. .org/fiscal cliff. >> if we turn away from the needs of others we are lining ourselves with those forces that are bringing about this suffering. >> the white house is a pull bit and you ought to take advantage of it. >> obesity is nothing short of a public health crisis. >> i think i have little antennas that went up and told me when somebody had their own agenda. >> there is so much influence in that office, it is a shame to waste it. >> i think they serve on a window on the past as to what is going on with the american women. >> she is really, the only one in the world they can trust. >> many of the women who were first ladies were writers. a lot of them were writers. they wrote books. >> they are in my cases more interesting as human beings as their husbands. if only if they are not first and foremost defined and limited by political ambition. >> dolly was
this may be a busy weekend for the fiscal cliff. we have a twitter stream from viewers and reporterers. a resource area with documents. it is there when you need it at c-span. .org/fiscal cliff. >> if we turn away from the needs of others we are lining ourselves with those forces that are bringing about this suffering. >> the white house is a pull bit and you ought to take advantage of it. >> obesity is nothing short of a public health crisis. >> i think i have little...
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., dick durbin will be speaking about the so-called fiscal cliff and that is a reduction -- and deficit reduction. we will have that live here on c-span at 11:30 a.m. eastern. over at the white house today, president obama is meeting with small business owners. at 12:30, jay carney will hold a press briefing and take questions from reporters. this afternoon, the president and vice president will meet with the mexican president who takes office december 1. the press briefing today at 12:30. on capitol hill, the house of representatives returns today at 2:00 p.m. eastern on their agenda this afternoon five bills including a measure requiring the department of a homeland security to report on security. later this week, a student visa program. also this week, the democratic leadership elections. that will be coming up later this week. live coverage of the house at 2:00 p.m. eastern. a number of senators have been meeting with u.n. ambassador susan rice in the wake of her comments following the attack on the benghazi consulate. just wrapping up is a brief news conference and statement with s
., dick durbin will be speaking about the so-called fiscal cliff and that is a reduction -- and deficit reduction. we will have that live here on c-span at 11:30 a.m. eastern. over at the white house today, president obama is meeting with small business owners. at 12:30, jay carney will hold a press briefing and take questions from reporters. this afternoon, the president and vice president will meet with the mexican president who takes office december 1. the press briefing today at 12:30. on...
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Nov 22, 2012
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at less attractive location for business, we're going to go back to the fiscal cliff discussion over and over again. unless we can get our economy moving in the long run, these budget problems are going to occur over and over again. we identified eight areas where we find a broad consensus where we believe these things would move tt
at less attractive location for business, we're going to go back to the fiscal cliff discussion over and over again. unless we can get our economy moving in the long run, these budget problems are going to occur over and over again. we identified eight areas where we find a broad consensus where we believe these things would move tt
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Dec 10, 2012
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recently he published a report assessing the challenges of approaching the fiscal cliff and the most effective way to achieve long-term, fiscal stability. he received his phd from the university of pennsylvania. that will be a recurring theme in these introductions. [laughter] dr. zandi, thank you for being here. dr. hassett is the director and senior fellow at the american enterprise institute. he holds a phd from the university of pennsylvania. his research includes the u.s. economy, tax policy, and the stock market. he is previously a senior economist at the board of governors at the federal reserve system. he went to that graduate school of business at columbia university. he has worked for both the george w. bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury d
recently he published a report assessing the challenges of approaching the fiscal cliff and the most effective way to achieve long-term, fiscal stability. he received his phd from the university of pennsylvania. that will be a recurring theme in these introductions. [laughter] dr. zandi, thank you for being here. dr. hassett is the director and senior fellow at the american enterprise institute. he holds a phd from the university of pennsylvania. his research includes the u.s. economy, tax...
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Nov 14, 2012
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of that partial solution to the fiscal cliff is that everyone supports it. everyone, democrat and republican. supports extending those tax cuts for the middle class, extending them for 98% of the american people and 97% of the small businesses. as you heard the president say on friday and as i know you'll hear him say when he meets with you tomorrow, this is a step that the white house -- that the washington can take that would create certainty for almost all americans, certainty for almost all small businesses. would help alleviate some of the potential damage caused by -- that could be caused by the fiscal cliff, and would enable us to move forward to address the many other issues that we have that confront us. it would be an excellent way to demonstrate to the american public that after an election where these issues were central to the debate, washington can move forward and we can compromise. >> given the -- everything that's going on with petraeus and allen, is there -- is the president going to ask the national security team to sort of, hey, guys, i k
of that partial solution to the fiscal cliff is that everyone supports it. everyone, democrat and republican. supports extending those tax cuts for the middle class, extending them for 98% of the american people and 97% of the small businesses. as you heard the president say on friday and as i know you'll hear him say when he meets with you tomorrow, this is a step that the white house -- that the washington can take that would create certainty for almost all americans, certainty for almost all...
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Nov 14, 2012
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that makes avoiding the fiscal cliff even more important. unless we come together in this body to reach across the aisle and compromise, the federal emergency management agency, fema, which is helping thousands and thousands of people in small businesses recover from this disaster, could be cut as much as $848 million. cutting fema would be a man-made disaster that would cripple relief efforts in my home state of new york and in many other states. i don't believe that anyone in this conbye -- in this body campaigned on raising the unemployment rate or campaigned to see the u.s. economy fall back into a recession, which would happen if we wept over this fiscal cliff. i hope that no one -- went over this fiscal cliff. i hope no one here wants to place a significant new tax burden on the middle class. in these final days of congress, let's reach across the aisle, let's reach to one another and work together on a critical problem we need to solve. we need to avoid the fiscal live. thank you. the speaker pro tempore: the gentlelady's time has exp
that makes avoiding the fiscal cliff even more important. unless we come together in this body to reach across the aisle and compromise, the federal emergency management agency, fema, which is helping thousands and thousands of people in small businesses recover from this disaster, could be cut as much as $848 million. cutting fema would be a man-made disaster that would cripple relief efforts in my home state of new york and in many other states. i don't believe that anyone in this conbye --...
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Nov 13, 2012
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here is a full-page ad this morning taken out by the business roundtable, quoting about the fiscal cliff. "we are immobilized, the national debt increases about $3 million every minute. our leadership needs to adapt to the economic realities, ticket disciplined approach, and most importantly act." that is the message from several of these c o's, that the congress and the white house needs to do something to deal with the fiscal cliff. in other news, courtesy of "the houston chronicle," "american production will surpass the saudis within eight years." on the same story in "the wall street journal," "america is on track to surpass saudi arabia by 2020." that is also a front-page story in the washington times as well. below the fold, a piece written by guide taylor. -- guy taylor. president obama, traveling overseas on saturday to several countries, including burma. this is after he meets with congressional leaders on friday. that is why we are turning to all of you today to discuss this. john, ohio, what do you think? president obama, when he meets with congressional leaders on friday, sho
here is a full-page ad this morning taken out by the business roundtable, quoting about the fiscal cliff. "we are immobilized, the national debt increases about $3 million every minute. our leadership needs to adapt to the economic realities, ticket disciplined approach, and most importantly act." that is the message from several of these c o's, that the congress and the white house needs to do something to deal with the fiscal cliff. in other news, courtesy of "the houston...
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Dec 20, 2012
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this fiscal cliff i don't think there's a man or woman in this room with a voting card who doesn't believe this is a serious issue for our economy, for working families, and for small businesses that we are counting on bringing us out of this recession. i believe every man and woman in this room believes that. as we are down here trying to have that discussion, in the short 11 days we have left to sort that out, i hear that our tax package, which does exactly what the president has asked, not the level he asked, it picks winners and losers, he campaigned on that platform, i think it's wrong. i think we ought to have tax rates low for everyone, but the president says no. the president says we ought to pick some folks who win and folks who lose. this tax bill does that. it just deals with taxes because as my friend from massachusetts reminded me, when i ran on the part of this freshman class i said let's try to make things more simple here, because we all know what happens at the end of the year. anybody who watches this process in december knows those christmas tree bills that come rolling
this fiscal cliff i don't think there's a man or woman in this room with a voting card who doesn't believe this is a serious issue for our economy, for working families, and for small businesses that we are counting on bringing us out of this recession. i believe every man and woman in this room believes that. as we are down here trying to have that discussion, in the short 11 days we have left to sort that out, i hear that our tax package, which does exactly what the president has asked, not...
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Nov 14, 2012
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and deal with the rest of the fiscal cliff, why not do that? >> instead of the house moving on the senate bill, the senate ought to move on the house bill. there are a lot of issues on the table that have to be resolved by the end of the year and i think i have laid out a reasonable framework where both parties can work together and i'm looking forward to go to the white house on friday and beginning our conversations. >> is there a reason you can agree on that, at least, that you can't just knock that out right away? >> the issue is, we aren't going to hurt our economy and make job creation more difficult, which is exactly what that plan would do. it's not the direction that we want to go because it's going to hurt job creators in america. yes, ma'am. >> thank you, mr. speaker. [laughter] >> my question for you is, given that the president has stated his position in going forward in these negotiations, you have your positions, how do you anticipate the whole process to unfold on friday? what do you expect to hear from the president and the dif
and deal with the rest of the fiscal cliff, why not do that? >> instead of the house moving on the senate bill, the senate ought to move on the house bill. there are a lot of issues on the table that have to be resolved by the end of the year and i think i have laid out a reasonable framework where both parties can work together and i'm looking forward to go to the white house on friday and beginning our conversations. >> is there a reason you can agree on that, at least, that you...
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Dec 13, 2012
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the fiscal cliffs. they are waiting and waiting for the press conferences, and reality will set in. and it hasn't yet. he is ignoring the points of the american people. speaker banner knows, or he should know, that we have to pass -- this would sell to the house of representatives. i would doubt that there could be any democrats voting for this and as we know, the republicans -- more republicans joined every day. i understand that the house is gone until -- one reason that they're asking to leave is so more republicans will say that what they think he is doing is wrong. they are leaving and this is hard to comprehend. we have nothing to do until they do something. we're waiting for them to do something that will help the middle class. the american people should not have to have their tax cuts held hostage and -- to the self interests. >> the obvious question that the american people were asking is, what is john bender working for. the farmers are trying to recover from a tough crop year but john bender
the fiscal cliffs. they are waiting and waiting for the press conferences, and reality will set in. and it hasn't yet. he is ignoring the points of the american people. speaker banner knows, or he should know, that we have to pass -- this would sell to the house of representatives. i would doubt that there could be any democrats voting for this and as we know, the republicans -- more republicans joined every day. i understand that the house is gone until -- one reason that they're asking to...
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Oct 14, 2012
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to me, as all the uncertainty around taxes, policy, fiscal cliff, the debt ceiling fiasco. we have this constant anti- business feeling. wherever i go, i have business people say the environment is terrible. it's not just banks. we have done this to ourselves. we shot ourselves in the foot. get rid of the wet blanket and we will take off. there was a great article that was reprinted in "the wall street journal" giving president-elect ronald reagan some advice. tell the same positive story over and over and will turn. yet to believe in it. america usually will do the right thing after it has exhausted all other possibilities and i hope we do. if you think washington and business can go to work, the collaboration's, we should have a collaboration. we would double the other and worked round-the-clock but now and has became a war. dodd-frank, health care, so we re-litigate. we should get it right the first time and move on but we did not. >> to the extent there has been a marked absence of collaboration or friction between the worlds of politics and business, you but the lion's
to me, as all the uncertainty around taxes, policy, fiscal cliff, the debt ceiling fiasco. we have this constant anti- business feeling. wherever i go, i have business people say the environment is terrible. it's not just banks. we have done this to ourselves. we shot ourselves in the foot. get rid of the wet blanket and we will take off. there was a great article that was reprinted in "the wall street journal" giving president-elect ronald reagan some advice. tell the same positive...